A gap in the availability of shared branching outlets in Northern and Western Iowa wasnarrowed after four Iowa credit unions began offering the cooperative service.

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According to Credit Union Service Network, a shared branchingnetwork that facilitates shared branching access with CO-OP SharedBranching, the $98 million Cedar Falls Community Credit Union, the$68 million North Iowa Community Credit Union and the $23 millionSioux Valley Community Credit Union signed contracts as bothissuers and acquirers. A fourth credit union, the $8 million QuakerOats Credit Union in Cedar Rapids, Iowa, signed a contract as anissuer only.

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Issuer credit unions enable their members to participate inshared branching in other credit union shared branch outlets.Acquiring credit unions allow at least one of their branches tobecome a shared branch outlet and accept transactions from othercredit unions' members.

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The four newly-signed credit unions will provide seven newshared branching outlets serving Northern and Western Iowa, CUSNsaid. The network added that acquiring a branch in Cedar Falls wasespecially helpful, because the University of Northern Iowa drawsstudents from out of town and outside the state.

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